EDS A/NZ reports contract wins worth $1.3 billion for 2007

Significant local wins include AAPT, ANZ Bank NZ

EDS Australia last week reported 2007 profit, before tax, of $40 million which is a 53 per cent increase on its 2006 result.

At a media briefing held on Friday, EDS A/NZ managing director, Chris Mitchell, said total revenue for 2007 was $1.2 billion.

Mitchell said total contract signings for 2007 amounted to $1.3 billion.

Significant wins included a contract extension with the Commonwealth Bank to deliver desktop and other end-user services to 44,000 desktops as well as contract extensions with the South Australian government for mainframe and distributed computing services.

Moreover, EDS continues to support Australian Customs as a successful supplier of applications services.

Mitchell said EDS has entered 2008 a stronger and more competitive company, achieving significant wins with AAPT and ANZ Bank New Zealand.

"We have made significant progress on our three horizon strategy by stabilising our business base and improving profitability by more than 770 per cent since 2005," Mitchell said.

In addition to implementing a new industry alignment strategy, EDS launched the Australia Defence Services business and Go for Green initiative to drive further growth.

"Our financial priorities include driving sustainable operating margin and free cash flow improvement, enhancing our capabilities in higher-margin applications services, and expanding and improving our global delivery model," he said.

- with Sandra Rossi

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